Sales Rose 2.6% to Seasonally Adjusted Annual Rate of 5.04 Million in June

WASHINGTON—A broad measure of U.S. home sales climbed for the third consecutive month in June, hitting the highest level since October as the housing market gained steam after a monthslong slump.

Sales of previously owned homes rose 2.6% to a seasonally adjusted annual rate of 5.04 million last month, the National Association of Realtors said Tuesday. Revisions showed May sales reached a 4.91 million rate, up from an initially...